Nov 16, 2012 10:00pm PST
cuts. >> reporter: john boehner proposed that leaders establish a framework in the next six weeks for widescale reform of the tax code, medicare and social security in 2013. the goal would be to set specific targets now for savings for those reforms. that would negate the need for deep spending cuts that are set to kick in on january 1st. >> take some deep breaths. >> reporter: while democrats balk at any intention of entitlement reform, nancy pelosi signals a new openness >> do we want to have saves from everything that we do? certainly. we need revenue, savings, and growth. >> reporter: she said there appeared to be interest among the leaders for a big deal, $4 trillion in deficit reduction along the lineups of the grand bargain -- lines of the grand bargain that fell apart between the president dent and john boehner last year. >>> tonight the shelves are empty. >> i'm just fighting for my rights and don't take away what i got. >> the twinkie is now a story of lost jobs. >> it's a childhood memory, definitely. >> in the creamy filling, there is also a lesson in nostalgia. why s
Nov 16, 2012 12:00pm PST
a series of tax cuts expire and spending cuts kick in. john boehner said he outlined a framework that is consistent with the president's call for a balanced approach of both higher revenue and spending cuts. >> our challenge is to make sure that you know we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business. >> while we are going to continue to have revenue on the table it is incumbent for my colleagues to show the american people we are serious about cutting spending and solving our fiscal dilemma, i believe we can do this and avert the fiscal cliff that is right in front of us today. >> the president began the meeting on a chordal note, wishing speaker boehner, shaking his hand, a happy birthday. >>> an oil rig exploded in the gulf of mexico 25 southeast of grand isle, louisiana. two crew members are missing and four injured. the fire that followed the explosion has been extinguished. the rigbylongs to black elk energy, an independent oil and gas company headquartered in houston.
Nov 14, 2012 10:00pm PST
'll still be wealthy. >> reporter: while john boehner agreed ballparks ises in, he said -- bipartisan cooperation is necessary, he said the president's plan is wrong >> we are not going to hurt our economy. >>> that cia sex scandal highlights the insecurities of e-mail. but there are more ways than ever to hide sensitive documents and erase your footsteps. len ramirez shows us how. >> this tape will self-destruct in 5 seconds. >> reporter: there has always been a need to protect sensitive information. whether it's a corporation dealing with trade secrets or a senator trying to hide an adulterous affair. our information more vulnerable than ever. >> the biggest concern is the security of the information in the cloud. >> reporter: the cloud based in san jose has been doubling in size the last two years by creating software that encrypts e-mail to make it unreadable to any outsider. >> if you're not going through our gateway, all you'd see is gibberish. >> reporter: it's designed as a business security system. >> consumer data. >> reporter: but there's an emerging market for consumer pr